Toyota Motor is going to raise its stake in Subaru Corp to 20% from around 17%, the two Japanese automakers stated on Friday, as they leverage their scale to better rival in developing new vehicle technologies. The investment comes one month after Toyota and another smaller Japanese automaker, Suzuki Motor, stated they would take small […]
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Toyota, Subaru team up to develop electric SUV in a battle against prices
Toyota Motor and Subaru on Thursday stated they prepare to jointly develop a battery-electric sport-utility vehicle (SUV) on a platform produced together as they look forward to splitting the cost of producing the lower-emissions car. The pair will apply Subaru’s all-wheel-drive technologies and Toyota’s vehicle electrification technologies to the new SUV, that each will sell […]
Toyota criticizes Trump designation on auto imports
Toyota Motor on Friday criticized U.S. President Donald Trump’s decision to announce some auto sector imports a national security threat, stating it sends a message to the automaker that “our investments are not welcomed.” The automaker, which is in the middle of constructing a $1.6 billion joint venture assembly plant and stated in March it […]
Toyota, Fiat Chrysler U.S. sales dropped in April
Toyota Motor on Wednesday reported a 4.4 percent drop in U.S. sales in April, due to slack demand for its sedans, consisting of Corolla and Prius. The Japanese automaker stated it sold 162,506 vehicles in April, compared with 170,706 units a year ago. Major automakers reported a weak U.S. new vehicle sales in the first […]
Toyota to produce Lexus NX for North America at Ontario plant
Toyota Motor will build its Lexus NX luxury crossover vehicle at a Canadian plant starting in 2022, the company stated on Monday, a decision that Prime Minister Justin Trudeau stated showed the value of the nation’s international trade agreements. The plant will spend hundreds of millions of dollars to produce the Lexus NX and its […]
Toyota halts plan to install U.S connected vehicle tech by 2021
Toyota Motor stated Friday it was abandoning plans to install Dedicated Short-Range Communications technology on U.S. vehicles aimed at letting cars and trucks communicate with one another to prevent collisions. Automakers have conflicted if they should proceed with the DSRC system or use a 4G- or 5G-based system in the United States. Toyota’s declaration is […]
Toyota forms research institute in China to study green technologies
Toyota Motor stated on Sunday it was establishing a research institute in Beijing in partnership with Tsinghua University to study car technology, most particularly hydrogen power and other green technologies that could ease environmental issues in China. The initiative, presented by Toyota’s President and CEO Akio Toyoda in a speech at Tsinghua University, is part […]
Major automakers worry about Trump ‘grenade’ – auto tariffs
Significant automakers are hopeful on the outlook for the U.S. economy and auto sales, but a huge concern remains – will President Donald Trump throw a “grenade” into the auto sector by imposing sweeping tariffs of up to 25 percent on auto-related imports? The industry is in “wait-and-see mode,” however the tariffs would be a […]
Toyota sells electric vehicle technology to Singulato
Toyota Motor has agreed to sell electric vehicle innovation to Singulato, its first deal with a Chinese electric vehicle startup, permitting the fledgling firm to accelerate the development of a planned mini EV. In return, Toyota is going to have preferential rights to buy green-car credits that Singulato will generate under China’s new quota system […]
Toyota gets inquiries from more than 50 companies for hybrid tech
The head of Toyota Motor’s electric vehicle (EV) business informed Reuters the automaker has received inquiries from over 50 companies since announcing earlier week that it would provide free access to patents for EV motors and power control units. The executive also stated Toyota intends to utilize partnerships to cut by as much as half […]
Toyota supplier Denso invests $1.6 billion in electric cars
Japanese auto parts maker Denso is going to spend about 180 billion yen ($1.6 billion) during three years to strengthen its ability to produce components for hybrid and electric vehicles as demand for low-emission cars is set to increase. “Denso is committed to advancing automotive innovation and anticipating the changing needs of our customers in […]
GM, Ford and Toyota join to advance self-driving innovation
Three major automakers stated on Wednesday they were establishing a consortium to help draw up safety standards for self-driving vehicles that could eventually help forming regulations in the United States. General Motors, Ford Motor and Toyota Motor stated they were joining forces with automotive engineering group SAE International to form autonomous vehicle “safety guiding principles […]
Toyota to offer royalty-free access to hybrid-vehicle patents
Toyota Motor will provide free access to its hybrid-vehicle patents through 2030, it stated on Wednesday, looking to expand use of the lower-emission technology even as the worldwide industry shifts toward completely electric cars. Toyota stated it would grant licenses on almost 24,000 patents on technologies used in its Prius, the first mass-produced “green” car […]
Honda and Hino join SoftBank and Toyota mobility venture
Japanese automakers Honda and Hino are teaming up for a partnership between SoftBank and Toyota for mobility advantages including self-driving cars. SoftBank Corp. and Toyota Motor announced a joint venture for mobility services in 2018, in what they called a “united Japan” effort to deal with the worldwide competition. Honda Motor, Toyota’s competitor, and Hino […]
Toyota sees slower sales in South America, Caribbean
Toyota Motor expects its sales in South America and the Caribbean to increase 0.9 percent in 2019 compared with 2018, Celso Simomura, vice president of Toyota’s Brazil operation, stated on Tuesday. He stated Toyota expected to sell 445,000 vehicles throughout the region in 2019, up from 441,000 in 2018. Simomura added that growth had been […]
